Former transport minister Nguyen Van The faces disciplinary action for Thuan An Group-related violations
Vietnam's Central Inspection Committee has proposed disciplining Nguyen Van The, former Minister of Transport.
Nguyen Van The, former Minister of Transport. Photo courtesy of Thanh Nien (Young People) newspaper.
A Wednesday release from the committee says the Party leaders of the Ministry of Transport for the 2021-2026 term breached the principle of democratic centralism and working regulations, lacked responsibility, and showed loose leadership and direction.
The violations allowed the ministry and individuals to breach Party regulations and State laws in organizing and implementing bidding packages for projects executed by Thuan An Group.
Some ministerial officials and Party members violated Party regulations and State laws on preventing and combating corruption and waste, and breached rules on Party members’ code of conduct and responsibility to set a good example as leaders.
“The above violations caused serious consequences, risking a huge loss of money and State assets, causing bad public opinions and undermining the reputation of Party organizations and State management agencies to the point that disciplinary action must be taken,” the statement noted.
Personal responsibility for the above violations and shortcomings belongs to Nguyen Van The, former Minister of Transport; Le Dinh Tho, former Deputy Minister of Transport; and some other Party members, it stressed.
The committee also decided to expel Nguyen Quang Huy, director of the Project Management Board No. 4; and Vu Hai Tung, director of the Road Construction Investment Management Branch, from the Communist Party; and remove many others from all positions in the Party.
Many other people working for units under the ministry received warnings or were repremanded for their violations.
Thuan An Group, formerly known as Thuan An Trading and Construction Development JSC, was established on August 4, 2004. Headquartered at 141 Truong Chinh street, Hanoi, the company is a prominent name in the infrastructure construction market.
Forming partnerships with other units, Thuan An has won a series of large construction contracts across the country. It has bidded for 51 packages and won 39 of them with a total value of more than VND22.6 trillion ($890.8 million).
The Central Inspection Committee also reprimanded Pham Tan Cong, Party chief and president of the Vietnam Chamber of Commerce and Industry (VCCI) and its vice presidents Hoang Quang Phong, Vo Tan Thanh, and Bui Trung Nghia, among others in the chamber.
The committee proposed relevant authorities discipline Tran Van Ven, former Party chief and chairman of state-owned Southern Food Corporation (Vinafood II).
Ven was found to have degraded in political ideology, ethics, and lifestyle, and violated regulations on Party members’ code of conduct and responsibility to set a good example as leaders.
He violated Party regulations and State laws in performing assigned responsibilities and tasks in land management and use.
The violations “caused very serious consequences, upset public opinion, and adversely affected the reputation of Party organizations and State agencies where he worked for.”
In June 2023, Ven was arrested for further investigation into the crime of violating regulations on the management and use of State assets causing loss and waste related land.
Also on Wednesday, Prime Minister Pham Minh Chinh issued a warning to Tran Ngoc Cang, former Chairman of of Quang Ngai province, for violations related to a project implemented by Phuc Son Group.
- Read More
Hanoi eyes massive replanning of Red River corridor, relocation of riverside communities
Hanoi plans to gradually relocate and reorganize all residential areas outside the Red River dike system as part of an ambitious urban redevelopment strategy aimed at transforming both banks of the river into a new economic and cultural corridor for the capital.
Economy - Thu, May 7, 2026 | 5:04 pm GMT+7
Thaco, VinFast, TC Group urge Vietnam gov't to keep auto sector under conditional business rules
Vietnam’s three major domestic automotive corporations - Thaco, VinFast and TC Group - have urged the government to maintain automobile manufacturing, assembly and import activities within the list of “conditional business sectors,” warning that deregulation could weaken the country’s long-term industrial strategy and expose local producers to unfair competition.
Economy - Thu, May 7, 2026 | 4:09 pm GMT+7
Prudential Vietnam remits $194 mln in retained earnings to parent company
Prudential Vietnam transferred over VND5.1 trillion ($194 million) in retained earnings to its parent company, Prudential Corporation Holdings, earlier this year, according to disclosures in its 2025 financial statements.
Finance - Thu, May 7, 2026 | 3:33 pm GMT+7
$120 mln export ambition: What drives Vietnam’s home appliance giant Sunhouse to strengthen position in global supply chain?
The prominent presence of Sunhouse, Vietnam’s leading home appliance brand, at the 139th Canton Fair reinforces its strategic direction to become a key manufacturing partner in the global supply chain.
Companies - Thu, May 7, 2026 | 2:10 pm GMT+7
Vietnam makes 'huge difference' in terms of accessibility criteria: FTSE Russell exec
Vietnam has made “significant progress in meeting the requirements” over the past two years for an upgrade from frontier market to secondary emerging market status, said Wanming Du, FTSE Russell's Asia-Pacific director of index policy.
Finance - Thu, May 7, 2026 | 11:54 am GMT+7
Taiwan's electronics major Lite-On to pump additional $149 mln into Vietnam arms
Taiwanese electronics maker Lite-On Technology plans to inject an additional $149 million into its wholly owned subsidiaries in Vietnam, as part of efforts to expand production capacity and strengthen its manufacturing footprint.
Industries - Thu, May 7, 2026 | 8:00 am GMT+7
FedEx forms strategic tie-up with Viettel Post in push for Vietnam expansion
FedEx Express and Viettel Post, an arm of Vietnam's military-run telecom giant Viettel, have announced a strategic partnership with a view to strengthening nationwide delivery capabilities and enhance cross-border logistics connectivity.
Companies - Wed, May 6, 2026 | 5:16 pm GMT+7
Van Phu Invest, T&T Group exit Hanoi’s $27 bln Red River megaproject consortium
Two more developers, Van Phu Invest and T&T Group, have withdrawn from the investor consortium for Hanoi’s Red River Scenic Boulevard project, leaving a three-member group to pursue the plan.
Real Estate - Wed, May 6, 2026 | 3:10 pm GMT+7
Gemadept eyes integrated maritime group expansion
Gemadept is shifting strategy toward becoming an integrated maritime logistics group, as the company embarks on a new expansion cycle focused on shipping and inland waterway transport.
Companies - Wed, May 6, 2026 | 2:39 pm GMT+7
Five notable trends in Vietnam’s industrial real estate
FDI inflows remain central to driving demand for industrial real estate. However, the trend is shifting - from a focus on processing and assembly toward high-tech manufacturing, research and development, writes Phung Xuan Minh, chairman of Saigon Ratings.
Industrial real estate - Wed, May 6, 2026 | 12:45 pm GMT+7
Middle East revenue share limited, impact manageable: top seafood exporter Vinh Hoan
Vinh Hoan Corporation's revenue exposure to the Middle East remains limited, helping shield the company from geopolitical tensions in the region, said its chairwoman Truong Le Khanh.
Companies - Wed, May 6, 2026 | 11:11 am GMT+7
Banks should cut lending rates to lowest possible level: Deputy PM
Vietnam’s Deputy Prime Minister Nguyen Van Thang has called for lending rates to be reduced to the lowest possible level, with a focus on priority sectors to better support businesses and economic growth.
Banking - Wed, May 6, 2026 | 8:50 am GMT+7
Japan’s Nishi-Nippon Railroad plans to build 22,000 homes in Vietnam by 2035
Japan’s Nishi-Nippon Railroad, widely known as Nishitetsu, plans to develop 22,000 housing units in Vietnam by 2035 via a partnership with local developer Nam Long Investment Corporation (HoSE: NLG).
Real Estate - Tue, May 5, 2026 | 9:49 pm GMT+7
Vietnam's tech unicorn VNG books record quarterly profit since 2022 listing
Vietnam’s tech unicorn VNG (UPCoM: VNZ) reported its highest quarterly profit since going public in 2022, as growth across core business segments and tighter cost controls lifted earnings in Q1/2026.
Companies - Tue, May 5, 2026 | 4:01 pm GMT+7
Dragon Capital Vietnam posts best quarterly profit in 3 years
Dragon Capital Vietnam (UPCoM: DCV) reported its strongest quarterly earnings in three years, driven by robust growth in investment advisory and asset management activities.
Companies - Tue, May 5, 2026 | 3:44 pm GMT+7
Petrolimex profit confusion rattles investors amid disclosure delay
Petrolimex, Vietnam's biggest gasoline retailer by market share, has come under scrutiny after delays and conflicting signals around its Q1/2026 earnings triggered sharp swings in its shares, highlighting risks for investors amid information gaps.
Companies - Tue, May 5, 2026 | 3:24 pm GMT+7






















